Disclaimer 

DISCLAIMER

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Trading in financial products, especially leveraged products such as derivatives, foreign exchange, futures, options, etc., and other investments can lead to the total loss of the entire investment capital!

With some products there is even the obligation to make additional contributions. Here the loss can exceed the amount of the entire investment capital.

We point out that a detailed examination of these risks is incumbent on everyone. These transactions are not suitable for everyone. The use of an Internet-based trading system to execute transactions is associated with risks. Damages may be caused by failure of hardware, software and internet connection.

 

The LICENSOR (as defined in the contract) and its licensors, if any, cannot accept any responsibility for interruptions or delays in communications over the Internet. Nor can any responsibility be assumed for the reliability of the hardware used.

The LICENSOR urges each person to thoroughly inform themselves of the risks involved before engaging in electronic and Internet-based trading systems. The execution of trading orders is the sole responsibility of the broker providing the trading account. The broker also provides the trading platform.

 

The LICENSOR and, if applicable, its licensor(s) have no influence on this. In particular, no influence can be exerted on the execution of trading, which is why no liability can be assumed for this.

The same applies to the use of automatic trading systems and Expert Advisors. These partially or fully automatic trading systems can only be used as a support for trading. Trading with these products is associated with great risks and, among other things, there may be a high trading frequency. There is not always the possibility to influence the position size before an order execution. They do not serve in any way to make trading decisions or to exercise an advisory function. They do not replace the due diligence of the user. Future returns cannot be inferred from a historical performance achieved with an automated trading program. In particular, it should be noted that the use of automated trading programs may lead to damages due to hardware or software failures. The LICENSOR or its licensor(s) cannot accept any responsibility for such cases.

Claims for damages by The LICENSEE (as defined in the contract) against the LICENSOR, on whatever legal grounds, are excluded.

Exceptions are regulated by the terms of the agreement concluded in the case of a legally binding contract.